At December 31, 2020, the available-for-sale debt portfolio for Novak, Inc. is as follows. Security Cost Fair Value $32,375 $27,750 B 23,125 25,900 42,550 47,175 Total $98,050 $100,825 Previous fair value adjustment balance- Unrealized Gain (Loss) $(4,625 ) 2,775 4,625 2,775 740 Dr. Fair value adjustment-Dr. $2,035 On January 20, 2021, Novak, Inc. sold security A for $27,935. The sale proceeds are net of brokerage fees. Prepare the adjusting entry at December 31, 2020, to report the portfolio at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Show the balance sheet presentation of the investment-related accounts at December 31, 2020. (Do not leave any answer field blank. Enter for amounts.) NOVAK, INC Balance Sheet eTextbook and Media List of Accounts Prepare the journal entry for the 2021 sale of security A. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter Ofor the amounts.) Debit Credit Date Account Titles and Explanation Jan 20, 2021